Minifty

[touchraj16]

Hi Vijay,

its nice to visit ur trade. yet to read it from start, just a query, y'day first bar low as u mentioned made a low 5532, n u said SL did not hit. yes urs couldnt be, but it has to be by rule if u r following something. so if its triggered what will be the next sar in that scenario? i think its 1st June high + ...something. then it will be taken out today. so plz post ur views on it.

touchraj

 

[vijayinvitesk]

Hi Vijay,

its nice to visit ur trade. yet to read it from start, just a query, y'day first bar low as u mentioned made a low 5532, n u said SL did not hit. yes urs couldnt be, but it has to be by rule if u r following something. so if its triggered what will be the next sar in that scenario? i think its 1st June high + ...something. then it will be taken out today. so plz post ur views on it.

touchraj

According to my strategy, SL hitting and changing your trade bec of gap down/up is not advisable. But still i will enter the trade, for ex, in this case, short. But i will exit on the 30/60 mins high. But wouldnt go long at the same level. In such cases you need to wait till the market recovers completely and enter long again. I have taken all this kinda situations into consideration when i backtested my system.

Also i have kept the SL one day before (after market order). Still the SL didnt hit. I guess it will be the case for most of the people. If not we need to act as i said in the above para.

Also if the SL hits during the market hours in a normal trading day without huge gap up/downs, its a definite trade change. You should go short if you are in long and vice versa.

Thanks

 

[vijayinvitesk]

Exit and go short below 5550.40

 

[vijayinvitesk]

Long SL hit at 5550.40. Exit long with 175 points profit.
Short trade iniated at 5550.40 SL 5591.50

 

[vijayinvitesk]

Change SL above 5575.70. Maximum risk 25 points.

 

[vijayinvitesk]

Good day again. We exited our long position with 175 points profit
and entered into short trade at 5550.40. Market went low till 5508.25.

Staying short. SL will be provided on the next trading day.

Good luck and happy weekend

 

[vijayinvitesk]

Continue to be short.
Exit short and go long above 5545.

 

[vijayinvitesk]

Exit and reverse above 5544.45

 

[vijayinvitesk]

Trade : Shorted at 5550.
STOP and Reverse above 5532.05

 

[vijayinvitesk]

SL Hit.
Previous trade : Profit 18 points
Current trade : Buy initiated at 5532.05. SL will be provided soon.